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Explain why the NPV method is considered superior to the payback period and accounting rate of return methods of appraising potential capital investments. (10 marks)

  1. Explain why the NPV method is considered superior to the payback period and accounting rate of return methods of appraising potential capital investments.

(10 marks)

  1. Explain the effect of non-nancial/non-quantitative factors on project appraisal by using relevant examples.

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